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announced they were shutting down. we do not help them or america when we keep tax incentives for companies to ship jobs overseas instead of incentivizing companies to hire in wisconsin and in america. we do not help them when we cut programs and raise taxes on the middle class so we can lower the tax rates for the top earners in this country. that seems to be what we received in the budget that is on our guest today. budget should reflect values. what we need to do is focus on economic growth and how to get the people of america back to work. we need a real path to prosperity. when we invest in infrastructure, research, development, small business loans, we can increase competitiveness globally and support small business owners and create jobs. i want to work with all my colleagues on the budget committee on a balanced budget that focuses on job growth and can responsibly reduce the deficit. instead of resorting to recycled policies that have been rejected by the public and congress, we need to focus on ways we can work together to move our economy forward. i yield back the balance of my t
of the cuts into taxes. but at any rate, we think early this week we'll have a clear sense of getting this done t. may have to go back to the house if the senate does amend it, and then the house i think would quickly pass it. host: stick with us real quick. senate majority whip dick durbin was on fox news sunday yesterday talking about the continuing spending resolution to keep the government funded and timing on what. i want to play that now. >> this is all very important, i understand, but we have work to be done in just a short period of time. i urge my senate colleagues, let's be sparing in the amends. let's get the c.r. passed. we can do it and do it quickly this coming week. host: before we let you go, if they don't get this done this week railroad company we thinking members may come back from recess next week before the 27th? is there any talk of that? guest: there's been nothing that i've heard, and i mean, i just wouldn't -- i wouldn't be too speaked by this. i think they will get it done early. i think they'll know by today, we'll be able to rough out a schedule after we h
we spoke to grover norquist of americans for tax reform on this morning's washington journal. here's a portion of the conversation. >> host: welcome back to the "washington journal" and over -- grover norquist joins us. i want to get your thoughts on the news of the growth and opportunity project report out from the republican national committee, the chairman of the republican national committee is having a press conference that started a few minutes ago at the national press club, talking about changes that the party needs to make in terms of outreach, changes to how to dominate a presidential nominee. just on what you've heard so far? >> guest: first of all is important to do a postmortem on an unsuccessful campaign. republicans at every recent to believe that -- would capture the senate and when the white house as well and it didn't happen. now at the same time republicans had 30 governors and democrats have 20 and at the state level more republican state legislators than democrats. there are 25 states where republicans have united control in both houses and only 12 states, less
the sequester and in committee, democrats proposed to close those special interest tax loopholes that riddle our tax code, republicans said no. democrats proposed to offset unwise republican cuts to medical research like alzheimer's, cancer, diabetes research at n.i.h., republicans said no. democrats tried to cut the special interest spending in the tax code to offset republican cuts to students who rely on pell grants but republicans said no. mr. van hollen: i yield the gentleman another minute and a half. the chair: the gentleman is recognized. ms. castor: the democrats in the budget committee proposed to strengthen medicare and replace the republican plan to turn medicare into a voucher program. all it does is simply shift the cost tour families and older neighbors. mr. speaker, this republican budget is not consistent with american values. it is not fiscally responsible. it is a charade, it is a capitulation to the tea party. it does not serve us well in economic recovery and the ways we want to grow america. it's a plan for economic weakness. it's a receding vision of american greatness. in
. he's planning this year to abolish the corporate and individual income tax, moving in a very different direction than the national democrats want to and winning elections with that approach. so there's a lot to be learned both by the failure of the romney campaign and the senate races and the successes the republicans have had at the state level. >> host: and we're taking your calls in this segment with grover norquist with americans for tax reform. the phone lines are open. democrats, 202-585-3880. republicans, 202-585-3881. independents, 202-585-3882. grover norquist known as an expert on some of these budget issues. you bring up the senate budget that we saw from budget chairwoman patty murray last week with. talk about that and how you think it compares to paul ryan's budget. >> guest: there are two major differences. they certainly go in different directions. the paul ryan budget balances in ten years and does not raise taxes. patty murray's budget never balances and raises taxes $1.5 trillion over the next decade. so what the democrats and patty murray are saying in add
think about pat to marry -- patty mariposa proposal that includes spending cuts and tax increases. here are the numbers to call. here is the headline in the baltimore sun this morning. the budget plan -- the senate democratic plan released yesterday would raise taxes on the wealthy and some corporations -- we focused yesterday on the gop proposal and we will reflect on that a little today as we dig into one democrat tab on the table. here's the headline in the washington times. that's the direction the washington times is taking. we will look at a couple other headlines and how they are covering this story. the headline in the new york times says -- we will hear more about that this morning and that is coming into play as well. let's listen to senator patty murray, the head of the budget committee. she unveiled her 2014 budget plan yesterday afternoon. [video clip] >> are budget tackles this issue the way the american people have consistently said they want it done, with an equal mix of responsible spending cuts across the federal budget and new revenue raised by closing loopholes and c
these knuckleheads? orregard to taxing the rich cutting out loopholes, everybody in this country gets some form of entitlement in one shape or form. i don't understand why because i get a paycheck and somebody else makes their money through investments or a different way, why i am taxed more. if you earn money, you get taxed on it the same as everybody else. i do not agree with that at all. and i don't understand why we have to give tax subsidies to corporations that do not need it. why on earth does the oil company need our money? why does the agriculture business need our money? you are making enough money. cut out the tax loopholes and we can get out of this mess. host: we are covering the cpac conference and there are a number of ways you can watch and listen. depending on what the house yesterday, we will be live with the house this morning, once the house recesses, the cpac coverage can be seen on this network. you can also listen on c-span radio and wanted anytime on our website, c-span.org. also be a location to what some of the conferences that get underway this morning. some other com
it to the rich. let's raise taxes trillions of dollars. let's go and stick it to special interests like people who he provide gasoline at the pump. to raise taxes on oil companies. ladies and gentlemen, every time you raise taxes, you raise prices. and every time you race -- raise prices the consumer has to pay more for it. these are the ideas that make america less able to be prepared for its future and cost more money. that's why when you look at this slide you see where the laws already enacted by the democrats are leading america to where we will be functionally bankrupt. we are following theure peaian model exactly what -- the european model exactly what they have done over there for a number of years and now we are seeing firsthand, iceland, greece, cyprus just yesterday. this is the pathway that if our friends, the democrats, get their say, this is where they'll lead us. so republicans through paul ryan spoke about we want to make sure that medicare, social security, that the free enterprise system is alive and well by making these plans and the process therein ready for the employers a
of bankustomers are blowing their talk, with talk of a 10% tax on deposit the money, has a lot of angry customers storming the atm machines but the government has closed banks to avid a bank run, a keeping them close until they sort this out, but the tax is till coming. for cyprus it is about the cost of staying in the euro club, never mind how average i citizes there are getting club. but this is about taxing assets there. something with which we should all be very familiar here. no uncle sam has not hacked into our bank accounts -- yet, but he made a b-line for our other assets like next time we try to sell our home, and obamacare wants 3.8% of the profit for medicare tax. juss like it is tacking medical devices for what it deems exception atrogen -- generous healthy insurance policy. so what is such a big leap going from hitting you up for dollars off fur devices, and hitting you up for dollars off your deposits. none, i tell you cyprus is not isolated. i am telling you, cyprus is a test case, it is starting, it was not only liberal the world over watching. now big brother, everywhere salivati
of that magic fairy dust that ways and means is going to use to be able to eliminate the alternative minimum tax, be able to lower the top rate to 25%. you go through the areas that are outlined here on page 73, whatever that magic ways and means very dust is that allows us to do these magical things, let's do the same and at least at a minimum be able to maintain and increase in the budget authority and the outlays for the function for hundred so that we can continue at least at the current, inadequate level, rather than see a reduction of about one-third. i think this is an important policy statement for the committee in advance of what i hope is a serious conversation about what is a crisis for many people in the country. ironically, i think most of us would agree infrastructure investment is the quickest way to provide family wage jobs and improve the economy in every one of our districts, in every state in the union. i would turn, if i could, to my colleague, mr. polcan, who has some of the rations. >> i am glad you brought this amendment forward, mr. blumenauer. when i was on the joint com
so far, everything we voted on has been anything but tax reform and pro-jobs legislation. the energy to power an american renaissance is right below our feet. west virginia is blessed with abundant natural resources, and more than that, an army of great men and women willing to extract it. pursuing environmental policy is based on unproven science is the wrong path -- policies based on unproven science is the wrong path. [applause]finally, at home i'm working to empower students by detailing the bureaucracy that has prohibited positive education reform for decades. revitalization is predicated on leadership. the societal problems dragging our country down are not new. they are magnified during economic downturn. as conservatives, we have to lead by example. my mother always told me, you can't stop through legislation. it has to come from the heart. the westery day in virginia legislature to impart the tenets of servitude as him to everyone who has been tasked to lead my great state. you'd be surprised how much have in common with people, even when they're on the other sid
to end medicare as we know it. nobody, as in the ryan budget, wants to reduce taxes dramatically on the wealthiest americans -- 39% to 25% -- and then take away deductions from middle-class people, good deductions that make sense like the mortgage deduction, the charitable deduction, the retitle deduction, the health care reduction. no, no wants to do that. and no one wants to eat our seed corn. investment in education, investment in infrastructure, investment in sign b scientific research in order to keep narrow loopholes open, reductions if you move the business overseas. no, they don't want to debate that. but now we have a budget. because of the leadership of the chair of the budget committee and the members of her committee -- and, by the way, this is no -- this is not a small group of democrats. it runs from our most liberal members to our most conservative members, all united around the budget that is fiscally responsible. it meets the gramm-rudman -- i mean, i'm on old guy -- the simpson-bowles constraints, budget target. it invests in jobs in the economy, and closes loop
corporate tax reform. even pushing democrats on entitlement reform or so he says. now i know, i know, my favorite president reagan trust by verify, but i think there's some optimism out there and i'm going to do my best now to persuade my pal, conservative superstar ann coulter. she's the author on set for the full hour. jimmy williams. and michelle caruso-cabrera. ann coulter, i know you think i'm nuts but i'm telling you the stock market is a great signal. the republicans won on the sequester. obama's poll are down so now he's having to come to the negotiation table. i like this story. i want to be optimistic about this story. >> um, i want to be optimistic too. but i want to be realist jig. all,000 are the financial maven and i would normally defer to you, that's the only thing i'm pessimistic about. i think the economy -- i would not count on the stock market continuing to go up. i know nothing about it. i just don't think that what's happening in the company justifies it. people don't have any other place to put their money. i do think people will get fed up with obama. one thing i'
increases taxes by $1 trillion, proposes $100 billion on stimulus spending and will never balance. this mentality got our nation in a fiscal mess in the first place. i commend them for finally putting a budget on paper. at least they articulated where they stand. however, this administration remains delinquent in their duty to send a budget to congress. news reports indicate it may come in april if at all. they claimed that the delay is the result of congressional debate that's surrounding the fiscal cliff and disaster. mr. collins: uncertainty to buck their responsibility to craft a budget is unconscionable. attacking this body's balanced budget approach when they haven't produced their own plan veals putting their partisan politics ahead of their future. they should send to congress a balanced budget. the speaker pro tempore: the gentleman's time has expired. once again, the house will be in order. members and staff, please remove conversations from the floor. for what purpose does the gentleman from california rise? >> mr. speaker, i ask unanimous consent to address the house f
taxes and pay cuts, instead what they did was they taxed bank deposits. they're calling it a tax. a lot of folks are calling it a seizure. here's what's significant. even small depositors below the insurance threshold are going to get hit. the original number for small depositors below 100,000 euros was 6.5%. they're working in parliament right now about shifting that and any other subsequent plan suggests that if you have insured money it will still get hit. what did we see over the week whend this announcement happened on yesterday? runs on the atms at the banks in cypress because they'd shut down the banks as a result of this. they stopped all wire transfers and you also if you tried to take money out they had partitioned out the amount of money that you were supposed to be giveing to the government each though there hasn't been a vote in parliament. why did cypress need a bailout? its banks are bust. the reason the banks in sicypru they bet the greek debt would not be restructured but it was. that's left a lot of them insolvent. the banks in cyprus are huge, eight times the size of
by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did companies that make their profit did overseas, did he ever their payments, sometimes never pay them, and >> bill: that just encourages people to move their money or jobs offshore? >> it's an incentive. >> why should we be rewarding them for exporting jobs basically? >> what these corporate interests and wealthy americans do is hide spending in give them a check? we would is a no way. in the tax code, nobody is really examining that. >> bill: exact. >> special tax -- well, mortgage interest deductions for second homes. not just a first home. i will tell you, a big one is the fossil fuel subsidy. i am talking about oil an
significantly. has he lost leverage with republicans? what does that mean for whether your taxes are going up? >>> and stephen colbert talks about his sister running for office and is talking about being white racist of itself. a war of words over race in america tonight. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. live the regular life. phillips'. a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out
for medicare. or else i lose my provider, and i think that's a tax they are putting on people with -- bilities and trying to got to pay on their disability. and those with legionnaires disease or h.i.v., dirty needles. host: ray, atlanta, georgia, republican party. good morning. caller: good morning. very interesting conversation you're having this morning. i have found that most people pend a fairer amount of time planning for their vacation than for their retirement. i work with a fortune 10 company and have been with them for 28 years so at the water cooler hearing different conversations if you ask people how much money they have in their 401-k, a lot of them have no idea nor do they have any idea on the different plans to put their money in. it's rather appalling, actually. host: ray, how old are you? caller: 52. host: when do you plan to retire? caller: i'm going to work until i'm 62-63 years old. something about public america, i have a -- family members with retirement pensions about $65,000. being in corporate america my pension is nowhere near that, so if we don't save in our 401-k t
of dollars of emergency crash and creditors impose onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they h
of selective tax cuts that would lift all yachts, but leave many dinghies behind. our republican friends like to talk about making the hard choices, but what they propose here would make it much harder for millions of americans and also make things much easier for a fortunate few. that's their plan. now, specifically under this plan, he has this new goal of balancing the budget in 10 years. and to accomplish this, he slashes funding safety net programs that, for seniors, students, children, low-income families and women. the budget slashes food stamps, cuts funding for infrastructure investments, like high-speed rail. we are falling way behind the rest of the world. we need to invest in our infrastructure to stay competitive. and it does nothing for job creation or to help the unemployed. the ryan plan places medicare and really ends medicare as we know it by replacing it with a voucher system and replaces medicaid by making it a block grant to the states. these cuts hurt tense of millions of america -- tens of millions of americans who count on medicare for their health care coverage. don't
years and will not raise taxes. how does he accomplish this? he doesn't spend what we don't have. here is how the congressman explained it earlier today. >> this budget cuts spending by 4.6 trillion dollars offer the next ten years. historically we've paid a little less than 1/5 of our income to the federal government, but the government has spent a lot more. we match revenues with expenditures, so the budget matches the spending with income just like every family and business must do throughout america. >> sean: to help us reach this balanced budget in ten years, congressman ryan lays out four major issue we as a country must tackle. first, energy. ryan's plan paves a path for affordable and american produced energy, most notably, the plan green lights the keystone pipeline to generate almost 140,000 jobs. second, health care, first and foremost the budget repeals obamacare and strengthsens the medicare system for future generations. third, welfare reform, changes made in 1996 by extended reforms to other programs. gives states flexibility so they can tailor programs like medicaid and
. the cypriot government says the country's parliament is unlikely to pass legislation which would impose a tax on bank deposits. lawmakers are set to meet and vote on the levy which has been set on a condition of the eu bailout. meanwhi meanwhile, the german finance minister has rushed to the defense of a highly unpopular tax. the move was necessary to keep cyprus from sharing in the burden of a eu bailout. and uncertainty over the outcome of the vote in nicosia continues to weigh on markets. cyprus said its stock exchange will trading until thursday. cypriot banks have been placed on negative watch. carolin roth is reporting now for us. the latest we're hearing is that the vote may not happen today. what can you tell us? >> absolutely. there are a lot of moving parts still, kelly. this is a very fluid situation. the vote is scheduled to happen at 6:00 p.m. local time. there has been no official cancellation on part of the government. but, again, a government spokesperson at the same time also saying that it's very unlikely at this point that the vote will actually go through. that is, of cour
shareholders blame for the 7:00's problems. >> 7 on your side tax hot line is underway. here is the number. irs and california society of enrolled agents and united way are standing by to answer your questions. >> plus, fresh fish you won't find in a couple bay area supermarkets could signal a seafood change. after 4:30... >> rivalry between apple and samsung is intensifying including construction of a gleaming new headquarters. i'm david louie. we'll have the story still to come. >> at 410 a live look at traffic. this is the skyway. it's a usual bumper to bumper crawl. left to right traffic is go together lower deck of the bay bridge a little bit better for folks on the righthand side of the screen. back wit >>> two big supermarkets market chain as nounsd they're staying away from so called franken fish. trader joes says i it will not sell a new type of genetically modified salmon. it's a cross between an atlantic and pacific salmon. this video shows kit grow twice as fast as regular salmon and fda says it won't cause health problems or harm the environment. critics say it could threaten other
if republicans agreed to new tax increases. we have heard this before. however, the white house put a positive smpin on the meeting calling it a good substantive exchange and called it a good conversation. the president admitted more with abc news there is more to be done. >> ultimately it may be that the differences are just too wide. if their position is we can't do any revenue or we can only do revenue if we gut medicare or gut social security or medicaid. if that is the position we probably will not be able to get a deal. >> if your piece up on politico read conflicting reports, some say it was more of the same from the president and others say it was a step in the right direction for him to come up to the hill and visit bus. anything come out of this meeting yesterday and the ones that will follow today and the rest of the week? >> i would just replay that clip over and over and over again and that tells you everything you need to know about the next year. the president wants tax increases and he does not want to do a bill with big changes in entitlement reforms. republicans don't want ta
to raise taxes in virginia in order to deal with transportation problems. it's also worth noting that people are noting the absence of those two, and the presence of people like mitt romney who has said he's never going to run again, and a lot of republicans think he has admitted ran a campaign with some flaws along the donald trump and sarah palin raises questions about the absence of mcdonnell and chris christie. there will be a straw poll here. it doesn't mean a heck of a lot other than republicans are already keeping score. and one more thing, jon. yesterday when we were talking about deliberate irs taxes, i said one in ten were delinquent, it's actually one in a hundred. i don't want the irs angry at me. so made a mistake and cleaned it up. jon: all right. one in one hundred, and as you said, we'll see who shows up to the next cattle call for conservatives. carl cameron, thank you. jenna: well, an outpouring of reaction to the newly-elected leader of the catholic church. pope francis planning an inaugural mass in the sistine chapel. he told a crowd of some 100,000 people in
before from republicans. is that true? >> largely true but there is one huge difference. that is the tax increases that have already gone into effect on january the 1st. paul ryan budget accepts the increases. it does not attempt to change them. in other words he is not rehashing the whole fiscal cliff debate. he is accepting that, yes, we've got these higher tax rates in place. we all keep them. that's a huge difference from where he was before the election. martha: he includes tax cuts, tax hikes, i should say but doesn't include obamacare. he would like to see that go. >> he wants that out of here. >> stuart, thank you very much. bill: you've been waiting 1400 days and finally we got a budget. so now we know. martha: it is exciting. takes less time to pick a pope. put it that way. at least we think so. bill: in the modern day. martha: exactly. bill: in "america's newsroom" the new polling shows public view since the election. is the honeymoon over? some numbers tell a very interesting story on that topic. martha: this one is not going away, folks. the fight whether or not you can brin
of the tax revenue needed to overcome our fiscal challenges. president obama has proposed the comprehensive american jobs act to get people trained, get people working and get people contributing to the tax base. mr. speaker -- madam speaker, it's time to bring this bill to the floor. our mantra should be simple -- jobs, jobs, jobs. people are suffering. people are hurting for jobs, jobs, jobs. the speaker pro tempore: the gentlelady's time has expired. the chair will receive a message. the messenger: madam speaker, a message from the president of the united states. the secretary: madam speaker. the speaker pro tempore: mr. secretary. the secretary: i am directed by the president of the united states to deliver to the house of representatives a message in writing. the speaker pro tempore: for what purpose does the gentleman from illinois seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized. >> madam speaker, today i speak of the importance of working together to adopt a budget on time in the
.85 trillion, half through spending cuts and half through tax hikes. the republican plan, paul ryan plan, would cut the deficit $4.6 trillion in ten years and includes repealing obamacare. the hope going through the legislative process they might be able to find compromise to strike some sort of deal. >> we need to put americans back to work. that's our first priority. deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in mind that two weeks away they have to come up with a continuing resolution by march 27. bill: as ryan says, at least there is baseline for comparison between the two sides. we'll get into that in just a moment here. thank you, kelly wright on the
and it was a tricky moment for him in the press conference. he included some of the tax increases that have gone into effect in recent years and explain how he was also kind of get rid and explain how he would also kind of get rid of the president's format. this is something that democrats are saying, well, week of been through the supreme court challenge, you voted on it, something like 30 times. why are we continuing to battle over something that we have no intention of fulfilling. >> the president scheduled to do his budget the week of april 8. the senate going to meet with house republicans today. give us the nature of these meetings and what will happen. >> today is the second of four trips up to capitol hill for president obama. it's part of this consensus where he's trying to win over congressional support for a grand budget bargain. this has been an effort that was kind of served by failing to avert the squeft a couple of weeks ago. he's got almost the opposite challenge of what he did yesterday when he met with senate democrats, when he was meeting with senate democrats yesterday they w
with the plan to tax the bank accounts over there in cyprus. they are going to take a big hit. what might the russians do in response? you might not want to know. >> now, it was one of the hottest real estate markets in the united states and then one of the coldest. once again, it is hot. there is no room at the end or the condo. sue, doesn't miami sound pretty good right about now? >> it sounds so good right now. it's raining again in new york city. you mentioned at the top of the show, cyprus moving the markets up and down. new headlines from cyprus forced a selloff on wall street. we have recovered some of the those losses. we are still down 39 points, though. parliament is meeting now. bertha coombs is monitoring that from the breaking news desk. hi, bertha. >> they have been in session for about an hour now. they are expected to go at least another hour. here are the headlines as we've had them this morning. they are debating this bailout proposal and to a man so far, they are all saying no. the governing party, apparently, has prepared a one-day postpone meant on the vote because at
's not going to happen. you talk about a trillion dollars of new taxes for patty murray that is unlikely to happen. where is that middle? >> it's going to take the president to forge and find the middle, which is why, again, i echo the points made at the beginning of the show and to mike's point about the weirdness of the town, there was a time when this was not weird. you come from one of the great states and one of the great leaders who helped create this environment, the great tip o'neill understood you had to work with both sides. >> and teddy kennedy. >> no doubt about it. the most productive leader was teddy kennedy in the senate and not only washington. it takes the president to unthaw this. he is going to probably take as many arrows as you said before from the democrats as he will republicans. there are democrats who are staunchly opposed to spinning discipline around entitlement. >> can i say it's actually nice? because this president really hasn't crossed his base a lot the past four years. it's nice for me to be able to say to republicans, who say i think legitimately say he
the ryan plan and murray plan, that would create a fast-track process that would allow big tax and entitlement package to happen but that will obama happen, chris, if both parties agree and, of course, that has just not happened so far. >> yeah. speaking of not agreeing, let me play for you what paul ryan had to say this morning on "morning joe". >> i don't think patty's budget gives a lot of room for that common ground but i think this is where the president can get engaged, which is we can find common ground on spending cuts towards getting our debt stabilized. >> shira, will the budget process lend itself to negotiating? >> i don't think the regular budget process lends itself on this scale. two sides are so far apart right now. that said, i'm not even sure the president is the right person to negotiate any kind of package right now. we'll see how his visit goes with house republicans today. i'd love to be a fly on that wall in that room to see how that goes. i don't know if he's in the right position to do it. i think it needs to come, if anywhere, from the senate side. the
vitality of the population. our population grew by 50%, but our tax base stayed the same. people who are here legally, especially the new american citizens, are looking for jobs and they are scarce. 22 million americans are out of work, and now the proposal is to waive the carrot of citizenship to millions more. and when we were talking about giving amnesty to millions, maybe 20 million illegal aliens, how much more scarce will those jobs become? mr. speaker, we have heard these proposals before. in 1986 we said that if we granted amnesty there would only be about 1.5 million people who would be included. in truth it turned out to be twice that amount. we were also told that it would never happen again. our borders would be secure and this problem would never occur again. in truth that was not true. so now 27 years later our borders still aren't secure and here we are doing this all over again. well, we got fooled once. by news reports we were told there were 11 million illegal aliens in this nation right now. by using 1986 as a yardstick we can guess by offering amnesty there might
taxes. there are less taxes going into the government. it is because the government cannot balance our budget, cannot act responsibly, cannot work together. host: paul on the air twitter p the " t " huffington post," -- sing on the elderly in theirr of americans 50s at risk of hunter grew by 40%. according to "the huffington post," rising gas prices as low as rising electricity is only exacerbating the trend among some of america's elderly. mike is on the phone in chicago. our question is what is the government's role when it comes to hunker in america? caller: i am a long time listener and a first-time caller. this kind of stuck in there with me. the problem with government is waste.ot watching the you have a lot -- you have an onslaught of people using link texting on iphones. they are taking advantage of the system. if our government to find out who really need it and give it to them -- people who can work should work. host: thank you for the call. to not be a stranger. if you have access to the internet, "the washington post" has this story on their website. the focus is on one rho
are losing due to this tax. >> hank smith, it is pretty extraordinary depositors have to pay for a bailout they didn't necessarily authorize. what do you think about what peter said? is this a recipe that would be used elsewhere in the world? >> i highly down it, maria. look, i think we should take great confidence in our banking system now compared to where we were four or five years ago. our banks are very healthy. t.a.r.p. was a good thing. it protected the financial system and the confidence in the financial system. and our banks are in great shape -- >> they're in the worst shape they've ever been. >> oh, no. >> they're a few interest rate hikes away from insolvency. that's why the fed is keeping rates at zero. >> wait a second. peter, you're saying the banks are a couple interest point ace way from insolvency? >> why to you think when the fed did the stress tests they didn't ask the banks to stress test a collapse in the bond market? they only looked at the stock market or maybe real estate. when interest rates rise substantially, the major banks are going to fail. their balance shee
now that they are working on does nothing more than raise taxes. they want more of your money, more money out of your paycheck. ask yourself does washington really need more of your money? we are $16 trillion in debt. we have deficits we can't even wrap our arms around, and they want more of your money. if you were a financial advisor that put you $1 million in debt and ripped through your college savings for your children and all of your checking account and said, just give me more money and we'll solve the problem, would you do it? absolutely not. more than jobs, though, we are also working to save medicare and social security, the commitments that we have made to the american people. so let's take a look here at the big picture. here's a budget breakdown of where we are at right now. look, your eyes are glazed over and we start talking about the trillions of dollars that we spend, but let's take a look at what you pay versus what you expect. this big blue part right here? that's on auto pilot. no adults have come to the table to talk about where we are at today and how to actuall
washington times" -- there are no sacred cows that calls for $1 trillion in new taxes. what's your takeaway? guest: well, what it does is also call for substantial cuts, but it deals with deficit reduction in a balanced way. what the republicans want to do is do deficit reduction simply by cutting, cutting, cutting. doing away with medicare as we know it. right now converting that into a voucher system which we very, very onerous for senior citizens, making devastating cuts in medicaid which means that millions of millions of american people and kids will lose their health insurance. massive cuts in education, in nutrition. basically every program that in the middle of a terrible recession working people depend upon would be done away with. what my view is -- i think the senate agrees what the committee is moving toward is to say, wait a second, we are seeing a middle class collapse, poverty at a high rate while the wealthiest and corporations are doing extraordinarily well. we are looking at record breaking profits for corporations and yet their effective tax rate is the lowest since 1972.
with your tax dollars. now more than 300,000 federal contractors are dodging paying their taxes if you can believe this story. a democratic lawmaker is going after those workers and she will join us next. bill: also this picture became a symbol of washington waste after taxpayers paid for a lavish las vegas conference. government workers attending there including this guy in the hot tub. wait until you hear what this federal agency is doing now. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >> announcer: meet mary. she loves tohop online with her debit ca and so does bill, an identity thf who stole mary's identity, took over her bank accountand stole her hard-earned money. unfortunately, millions of ericans just like you learn misplaced information to wreak havoc on your life. this is identity theft and no one helps stop it better than
taxes taken out of the pockets of hardworking american families, more government spending which adds to the trillions of dollars in debt that will be handed down to the next generation. our friends on the other side of the aisle talk about a balanced approach, but they refuse to even balance their own budget. our vision calls for a stop to washington's failed policies and reckless spending. it says american families and small businesses understand you can't spend more than you take in. you need to balance your budget, and it's time for washington to do the same. this vision seeks to protect the things that we value most, to keep the promises we made to our seniors, to our veterans. i'm the son of a u.s. marine. while at the same time allowing us to leave a better future for our kids and our grandkids, that's the vision i want to work toward and that's why i'm proud to support the house budget committee's proposal which we'll be voting on later this week. this isn't about passing a budget for one year, just one time. this is about creating lasting solutions that help grow our economy
: that companies from lost tax revenue because the economy is smaller? is that where you're getting the number from. >> yes. a mere 1% growth loss over time is huge impact on the economy and our ability to pay our bills. melissa: now you say this testimony is empirical. that is right in front of us and quantitative and not sub executive and people have to pay attention to that. that is not the case when you present it to the democrats and the president. they say cutting back on spending now would damage growth and the economy and cost us jobs in the short term. how do you respond to that? >> well, basically what the witnesses today said, for the most part, is that congress and the white house is making progress on discretionary spending, more can be done. but they really felt, the focus needs to be on how we make social security, medicare, medicaid, solvent over the long time. there was one other area of treatment. asked, given the obamacare taxes that have kicked in, the new taxes from the fiscal cliff, absent fundamental tax reform, would raising taxes again be helpful to our economy? no one agre
no income tax. my job is not to worry about those people. they should take personal responsibility. >> no turning point in the campaign was more important than the release of that tape. president obama opened up a seven point lead and mitt romney never got within striking distance, again according to nate silver. >> let's start with the most valuable player of the 2012 presidential campaign. my choice is, of course, the anonymous videogfer. that is scott prouty. he's 38 years old. he is from boston. massachusetts is romney's home state. he lives in florida. he was serving as a bartender the night of the romney fund-raiser. here is ed with the mvp of 2012. >> i grew up in a blue collar area of boston. nobody i know can pay, can afford to pay $50,000 for dinner. i felt an obligation for all the people who can't afford to be there, you shouldn't have to be able to afford $50,000 to hear what the candidate actually thinks. i came to the conclusion, i wanted to go live in full, you know, probably when most people are paying attention. i thought that was probably around the conventions,
of control debt, out of control taxes, out of control regulation, that's the only other period. president reagan came in facing that stagnation and he implemented policies the exact opposite of barak obama. in fact, it's interesting. 79 to 83, economic growth was 0.8%. today it's 0.8%. for the exact same period. because obama didn't learn the lesson from reagan that if you want to turn the economy around, you cut taxes, you reduce spending, you reduce the debt and don't send regulators like locusts to destroy small businesses and jobs. [ applause ] do you know if president obama had followed the reagan policies and we had seen the identical growth that president reagan saw inheriting the same lousy economy barak obama did, do you know that today we would have 7 million additional new jobs in america? let me help make that a little more concrete. 7 million new jobs is the equivalent of giving a job to every man, woman and child in chicago, houston, philadelphia, and boston. that's what we're talking about. [ applause ] and the stagnation under president obama doesn't fall uniformly. listen
on the same critical topics today. what are the fundamental issues? must begin with tax. we know ronald reagan spent much of his life trying to cut for the average american. he was convinced it is the man or woman on the street didn't understand their dollar more wisely than the federal government. when governor jeb bush was in office, he cut taxes some floridians $20 billion. let's talk about the size of government. when matt mccomas in the wake has house come he to medically reduce the rate of federal spending and strove to reduce the size of the federal government. governor bush was in office, he vetoed more than $2.3 billion in earmarks for higher state spending and reduce the size of the state's government payroll by 13,000 people. when ronald reagan cut taxes and reduce size of the national level, he did it to spread the free market, create opportunity and provide incentives for businesses to grow. over 20 million new jobs were created. and governor bush's state of florida, the similar philosophy and economic programs create a thriving city economy were 1.4 million net jobs were added du
.85 trillion off the deficit over the next decade. it does so by raising nearly $1 trillion in new tax revenue, by cutting tax expenditures, and closing loopholes in the tax code and cutting $733 billion in spending. the remainder of the package is made up of savings on interest payments. murray's budget includes $275 billion in some health care cuts, less than the $400 billion the president previously put on the table and what he talked about in the state of the union. it includes $240 billion in defense cuts. senate democrats also propose $100 billion on new stimulus spending on infrastructure projects. >>> the budget includes no change to social security. the president reportedly faced some skepticism yesterday when he spoke to senate democrats about potential plans to switch to a, quote, chained cpi, which could lower the rate at which social security benefits are increased and cut the cost of the program in the long run. this morning, the liberal "huffington post" has a banner headline quoting senator tom harkin. quote, he said he hopes we reach some grand bargain. but what is in that gra
for considering is the tax and spending blueprint for fiscal year 2014. live coverage at 2:15 eastern here on c-span2. south carolina is holding a primary today in the 1st congressional house district. here's a look at that race. >> host: well, here is the front page of the state newspaper this morning, a story by gina smith for the island packet. turnout will decide today's election for the 1st congressional seat in south carolina. gina smith is joining us on the phone this morning. of gina smith, tell me about this race. who's running and why? >> guest: well, good morning from south carolina. this is like christmas morning for me, i'm so excited. [laughter] this is really an exciting race. we have 18 republicans, two democrats, an incredibly crowded field. but some of the names in this race just make it just delicious to watch. we have mark stanford, the former -- sanford, the former governor who most of the nation remembers as the guy who slipped out of the country in 2009 so he could go visit his mistress, and he -- everyone thought he was hiking the appalachian trail, but he was up to some
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